04/30/2015 – Gold
Issued: 04/28/2015
June gold:
1. The next important daily top in June gold is Wednesday, April 29 (+/-1 day). Continued failure and or daily closes below $1214/$15 are the weaker position and indicate a tradable decline and test/attempt at $1196/$94 (or lower) into later this week/early next.
2. The above is the main indication. However no new short entry is being taken at this time. Will message new entry in tomorrow’s (Wednesday, April 29) session if the market continues to confirm as noted.
David Williams
Issued: 04/30/2015
June gold:
1. Our previous report indicated that Wednesday, April 29 (+/-1 day) was the next important daily top in June gold. Continued failure and or daily closes below $1214/$15 would indicate a tradable decline and test/attempt at $1196/$94 (or lower) into later this week/early next.
2. Although no new official short entry was taken based on the above, today June gold declined sharply and completed the $1196/$94 downside target (and lower) completing the forecast. Will message any further entry or indication in June gold.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.